Prohibition of Gharar

Gharar is the sale of probable items whose existence or characteristics are not certain, due to the risky
nature which makes the trade similar to gambling.

Reference; prohibited by the Prophet PBUH (Narrated by Ahmad and Ibn Majah on the authority of
Aby’sa’id Al-kudry )MAbph)

Examples of prohibited sales:

i. Unborn animal in it’s mpther’s womb

ii. Sale of milk in the udder withour measurement
iii. The purchase of spoils of war to their distribution
iv. The purchase of charities prior to their receipt
v. And the purchase of the catch of a diver.(this pertains to a person paying a fixed price of
whatever a diver may catch on his next dive.)

Exceptions:

Islamic Law permits certain exceptions to this rule through the contracts of salam and ’istis.n¯a‘

Obeying the Law

Permissible Financing Methods

As narrated by Al-suyti in Al0jamii Al-saghi, a Hadith of Rafi:

 A man’s labor
 And every legitimate sale

1. What is gharar
2. Why it is prohibited
3. Hadith gharar is prohibited
4. Sample of gharar
5. Hadith on permissible financing method
6. What mean by Murabaha
7. Example of murabaha